NOT LISTED FOR SALE

10 Park Gate Dr Edison, NJ 08820

Estimated Value: $448,000 - $469,000

2 Beds
1.5 Baths
1,079 Sq Ft
1,329 Sq Ft Lot

Last Sold April 15, 2024

Last sale price $410,000 $380 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,041/month

5 Days on Market

Highlights

  • Private Pool
  • Gated Community
  • End Unit
  • Woodbrook Elementary School Rated A
  • Property is near public transit
  • Granite Countertops

About This Home

As of April 2024

A modest and well-kept 2 bedroom condo in a gated community in the sought-after NORTH EDISON area. Brand new furnace, hot water heater and 3-yr old A/C system. 1-car garage with extra parking spots. Amenities include 24-hr community security, outdoor swimming pool, tennis court and playground. Close to major highways, train station, shops.

Last Agent to Sell the Property

Regina Rodriguez

HALO REALTY Listed on: 02/10/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,892

Year Built

  • Built in 1983

Lot Details

  • End Unit

Parking

  • 1 Car Attached Garage
  • Driveway
  • Additional Parking
  • Open Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,079 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Screen For Fireplace
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Security Gate

Kitchen

  • Gas Oven or Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

Location

  • Borders State Land
  • Property is near public transit
  • Property is near shops

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include amenities-some, common area maintenance, insurance, snow removal, trash
  • Park Gate Condo Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Additional Features

  • Maintenance Expense $390
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,892

Year Built

Built in 1983

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Condo/TH
  • Prop. Type: Residential
  • Lot Size Acres: 0.0305
  • Lot Size: 0.00 x 0.00
  • Ownership: Condominium
  • Subdivision Name: Park Gate Condo
  • Architectural Style: End Unit
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: 2nd Floor
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1983
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Dining Room Features: Formal Dining Room
  • Room Kitchen Features: Granite/Corian Countertops, Separate Dining Area
  • Appliances: Dishwasher, Dryer, Gas Range/Oven, Exhaust Fan, Refrigerator, Washer, Gas Water Heater
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Fireplace Screen, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Entrance Foyer, Other Room(s), 2 Bedrooms, Kitchen, Laundry Room, Bath Half, Living Room, Bath Full, Dining Room, None
  • Living Area: 1079
  • Stories: 2

Exterior Features

  • Lot Features: Near Shopping, Near Train, Backs to Park Land, Easements/Right of Way
  • Pool Features: Outdoor Pool
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: 1 Car Width, Additional Parking, Garage, Attached, Driveway, On Site

Utilities

  • Gas Company: Natural Gas
  • Security: Security Gate
  • Cooling: Central Air
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Playground, Gated, Tennis Court(s)
  • Senior Community: No
  • Association #2 Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Amenities-Some, Common Area Maintenance, Insurance, Snow Removal, Trash

Lot Info

  • Lot Size Sq Ft: 1329
  • Zoning: RBBT

Multi Family

  • Maintenance Expense: 390

Tax Info

  • Tax Annual Amount: 6892
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2024
Closed on
Apr 11, 2024
Sold by
Maningas Clarinda C and Maningas Glenn M
Bought by
Yerramalla Praveen K and Yerramalla Swetha Jujaru
Seller's Agent
Regina Rodriguez
HALO REALTY
List Price
$369,900
Sold Price
$410,000
Premium/Discount to List
$40,100
10.84%
Views
315
Current Estimated Value
$446,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,583
Avg. Annual Appreciation
5.87%
Original Mortgage
$285,000
Outstanding Balance
$282,037
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$160,027

Purchase Details

Closed on
Jun 7, 2017
Sold by
Lin Lin David Yuan David Yuan and Lin Yuan
Bought by
Maningas Glenn M and Cabana Clarinda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 1999
Sold by
Cyrille Romer
Bought by
Lin David and Cheung Yuk Ying

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,900
Interest Rate
7.8%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yerramalla Praveen K $410,000 Fidelity National Title
Maningas Glenn M $273,250 Premier Abstract
Lin David $147,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yerramalla Praveen K $285,000
Previous Owner Maningas Glenn M $202,500
Previous Owner Lin David $102,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2024 04/15/24 Sold $410,000 +10.8% $380 / Sq Ft
02/10/2024 02/10/24 For Sale $369,900 0.0% $343 / Sq Ft
09/01/2021 09/01/21 Rented -- -- --
08/02/2021 08/02/21 Under Contract -- -- --
07/02/2021 07/02/21 For Rent $2,000 -- --
Source: All Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,153 $120,800 $39,000 $81,800
2023 $7,153 $120,800 $39,000 $81,800
2022 $7,155 $120,800 $39,000 $81,800
2021 $6,865 $120,800 $39,000 $81,800
2020 $7,066 $120,800 $39,000 $81,800
2019 $6,533 $120,800 $39,000 $81,800
2018 $6,634 $120,800 $39,000 $81,800
2017 $6,108 $120,800 $39,000 $81,800
2016 $6,108 $120,800 $39,000 $81,800
2015 $5,876 $120,800 $39,000 $81,800
2014 $5,709 $120,800 $39,000 $81,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: All Jersey MLS

MLS Number: 2407927R

All Jersey MLS

APN: 05-00593-0000-00053-0000-C-0010